Page 316 - Finance News

Deposits by public sector banks up 8.8% in December quarter: RBI data

However, they still lag the pace of private banks

Explained: How RBI ensured payment system stayed Covid-proof

200 staff, bio bubble, three data centres among over 100 measures taken to preserve financial stability

Credit growth of banks accelerates 16.8% in December quarter: RBI

Indian banks' credit growth doubled to 16.8% in the October-December quarter from a year earlier, data released by the Reserve Bank of India (RBI) on Monday showed

Bank capital needs may rise 15-20% based on draft RBI market risk norms

On February 17, the RBI released draft guidelines on minimum capital requirements for market risk based on Basel III standards

ARC industry will need to reinvent itself

The RBI unveiled new regulations in October 2022, which enhanced governance standards and permitted ARCs to act as resolution applicants under the IBC's ambit

It's a high-volume, low-margin game: PAs eye the online payments boom

Of the 28 new players, 19 have been granted in-principle authorisation by the central bank; the applications for the rest are under consideration

Enter the green age: The financial journey cannot be full of potholes

The details of the transition towards climate-change-related finance will require deft handling

Bank credit grows at 16.1% to Rs 134.17 trillion in Feb 10 fortnight

About a month ago (January 13 fortnight), credit growth stood at 16.5 per cent YoY

E-commerce, travel transactions drive credit card spends in January

Cross Rs 1 trillion for 11th month in a row

RBI imposes Rs 5k withdrawal cap on Shankarrao Mohite Patil Sahakari Bank

The Reserve Bank of India on Friday put several restrictions on Shankarrao Mohite Patil Sahakari Bank, Akluj in Maharashtra, including a Rs 5,000 cap on withdrawal per customer

Bank of Baroda to consider all borrower requests, including Adani, on merit

"Irrespective of borrower, you have underwriting standards and you stick to them in good times as well as bad times," Sanjiv Chadha, CEO and MD, at Bank of Baroda

Indian banks to issue bonds to maintain capital levels: CARE Ratings

"To support credit-off take, banks are expected to shore up their liability franchise by raising capital (AT1 bonds, other debt instruments such as infrastructure bonds) and deposits," it said

HDFC Bank raises $750 million via dollar bond sale, to pay coupon of 5.686%

The country's largest private sector lender HDFC Bank on Thursday announced that it has raised USD 750 million through a dollar bond sale

Banks can see rise in bad loans from retail, small businesses: SBI official

While loans to this segment have been growing fast, defaults have thus far been few

LIC Housing Fin, HDB Finance reduce fundraise sizes on hardening yields

LIC Housing raises 1,150 cr against Rs 3,000 cr planned

Axis Bank-Citibank deal likely to be completed by March 1

This means by March 1, all the customers, employees and assets of the Citi will be transferred to Axis

RBI MPC minutes show deepening concerns over inflation pressures

Disinflation can't rely only on food, must be firm in inflation fight, says RBI Das

BS Banker of the Year Award: High-powered Jury meets today to pick winner

Sandeep Bakhshi, MD & CEO of ICICI Bank, was the Business Standard Banker of the Year 2020-21

SBI rolls out BHIM SBIPay for S'pore-India transfer after UPI-PayNow linkage

Other than SBI, Indian Bank, ICICI Bank and Indian Overseas Bank have been roped in for inward and outward remittances while Axis Bank and DBS India will facilitate inward remittances only

Decoded: What the India-Singapore real-time payment linkage is all about

India, Singapore cross-border retail payments & remittances amount to over $1 billion annually